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$BTC Has slowly been gaining ground again relative to $GOLD. The local bottom was set in February and has since moved up. I do believe this ratio should move up over the years and eventually see a break of that ~37 level which has held as resistance for the past 5+ years.

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$BTC How quick things can change. Just over a month ago BTC was struggling in the low $60Ks as it was sitting at high timeframe support. Now it has flipped all its weekly levels and any buys done last month are sitting very pretty. That is why I always preach to stay level

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$BTC If this deviates below $83K I am going more defensive mode until the Fed/Treasury steps in and defends the long end yields in some shape or form like Bessent tried doing a month ago. That didn't have any effect in the end for the yields but did spark the BTC & Crypto rally

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$BTC It has been an interesting 3+ weeks to say the least. There is a case to be made for the fact it held up well during a lot of bad news. Stocks & metals trading lower etc. But there seems to be no bid willing to take this above the $80K mark yet. $74K & $83K remain my main

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$BTC Just had its 5th drawdown of 4-6% in the past 3 weeks. Meanwhile, price has gone nowhere and is still stuck in a range between $76K-$81K. Volatility is there, but there is no clear trend these weeks. Wait for the break of the range to occur.

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$BTC Late longs entered, price rolled over below their entry and they got flushed out. Exactly the scenario I mentioned was on the cards if we'd start trading below that $85.5K-$86K zone. Most of those positions have now been washed out.

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$BTC Liquidity clusters to watch: Above = $87.5K (new local highs) Below = $82K (base of that late September leg up)

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$BTC No changes here during the weekend as volatility has been extremely low. The more compressed this gets, the bigger the move out of this tiny range will be. So set your alerts and wait for the break.

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$BTC Open Interest (coin denominated) is the lowest it has been in 4-5 months. Even after this run up I don't see many signs of overheating or anything close to it. If the bulls are back, there is plenty of room for this to move before it would start getting to levels where I'd

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$BTC Open Interest flushed a lot on this little move down. It never really got up during this rally, and now whatever longs were in also took profit or got flushed out. Open Interest back to levels when BTC was trading in the low 60Ks. There isn't a lot of leverage in this

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$BTC Place your bets

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$BTC Price action been far from clean the past 3 weeks, but here we are. Right back near the bottom of the range and now sitting on this diagonal support. Tomorrow is CPI. Good chance this is not going into the weekend with its current price. Expecting more volatility ahead

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$BTC Quite a bit of short interest entered around the $78K mark. These are sitting comfy in profit as we speak. Funding rates are starting to turn negative as BTC is approaching its $76K range low. Market is in need of a cool CPI print or this flushes lower. Otherwise, a

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$BTC Quite a few late longs trapped above $86K today. No open interest flush yet so that $85K level will be pretty key in the short term. Below there this starts accelerating. Especially with the near equal lows from before.

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$BTC Remains at its range low region ahead of FOMC today. Hike is priced in for ~90%. The key will be to see whether Warsh brings a hawkish presser with it as well. If he wants to crush inflation no matter what and keeps the door open for more hikes that'd not be great for risk

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$BTC Respecting the horizontal level still. Easy invalidation from here. Lose the green zone would signal weakness to me. Above the green zone the up trend momentum is there.

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$BTC September has been a rollercoaster so far but the past week has seen a big turn around. And Q4 is coming up. And Q4 is what is historically Bitcoin's best quarter. But in a bear market year, Q4 is also when BTC sets its bottom. This is why a lot of investors have been

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$BTC Sitting at its big $83K level for the past few days. The longer we sit here, the bigger the risk it falls through. Bulls need to get this going because a rejection below would make things look quite ugly after that May High sweep. Trend is up, no doubt. But you need to

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$BTC Still chopping around right at its major high timeframe resistance level. Price has been slowly grinding lower and FOMC is coming up on Wednesday. In my opinion, I do still think that at least sweeping that $83K level makes sense from a liquidity perspective. So even if

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$BTC Still sitting right at the August lows and 4H 200MA/EMA. Price flat on the rate hike. Presser up next. But most importantly, after this we cleared out two big events that have dominated price action the past week. Getting them out of the way, regardless of outcome,

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$BTC That is a good example of how we often see the start of new months & quarters. Lots of volatility, choppy price action and liquidity sweeps. Usually price starts to form some sort of direction by day 5-10 which holds for the ~2 weeks following. In this case I think $84K

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$BTC The $85K level has been getting tested almost on a daily basis. Every time it tends to see some sort of reaction both as support and resistance. Above, there's a lot of marginally lower highs sitting at $87K+. The same below with the $83K region. I am expecting a squeeze

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$BTC The classic setup I love trading during big up trends. 1. Market moves up 2. Market trades sideways and chops around for a few weeks 3. Liquidity below gets swept 4. Price retakes range (this is your entry) 5. Price moves up quick to the top of the range 6. Breakout and new

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$BTC The last and first week of the calendar month have been awful places to trade directionally. The past 4 months have only seen bad market environments in those weeks. Pretty much all the action has come from the third week of the month. This usually comes after weak price

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